Commercialization key to sci-tech progress

06:00 | 09/10/2022 Science - Technology Follow Ven.vn on

(VEN) - Commercialization of research results at institutes and universities is a driving factor for the development of the science and technology market.

Positive transfer results

Many institutes and universities have proactively cooperated with enterprises to commercialize scientific results and technology transfer. From 2012 to 2021, the University of Science and Technology (under the Vietnam National University, Ho Chi Minh City) has carried out 5,594 technology transfer contracts, generating over VND100 billion/year since 2015.

From 2010 to 2021, the High-tech Agricultural Research and Development Center (AHRD) has transferred technology and guided more than 65 businesses, organizations and farmers in the Ho Chi Minh City area and provinces throughout the country. With its strength in testing, manufacturing, and commercializing scientific results, the Institute of Nanotechnology (INT) under the Vietnam National University, Ho Chi Minh City) has cooperated with many localities and enterprises to implement applications in agriculture, fisheries, environment, biomedicine, nano silver ink, and more.

commercialization key to sci tech progress

More policies needed to develop the science and technology market

According to Assoc. Prof. Dr. Lam Quang Vinh, Head of the Science and Technology Department (Vietnam National University, Ho Chi Minh City), 26 proposals from research groups are currently in the pipeline. The department is planning a high-tech garden model combining training, research and connections with businesses and localities to promote production. The department is also working with the Korea International Cooperation Agency (KOICA) to raise more than US$9 million to develop highly qualified agricultural human resources for the Mekong Delta region.

According to Assoc. Prof. Dr. Vu Hai Quan, Director of the Vietnam National University, Ho Chi Minh City, the university will assign the Science and Technology Department to immediately develop a high-tech agricultural botanical garden in its urban area. From 2023 to 2025, the university is expected to spend VND1.2 trillion to establish specialized laboratories, promote research, and cooperate with businesses to further commercialize research products.

Promoting innovation

Three prerequisites are required to commercialize any inventions: high applicability and a large market; financial stability, and support from independent academic systems, such as universities and research institutes.

Don Scott Kemmis, international expert on technology commercialization of the Aus4Innovation (SCIRO) program, has suggested that the lack of information regarding state supporting policies on technology transfer is also a barrier preventing businesses from taking full advantage of the opportunities in the process of innovation. Deploying pilot models should also be considered to create incentives for commercialization of research results. “We also need to promote the technology commercialization model at institutes and universities, so that the research results can address the specific needs of businesses and markets,” Kemmis said.

The Australian expert added that creating a dynamic environment for consulting services and technology transfer will contribute to the overall development of the domestic science-technology market. Science and technology organizations need to develop approaches for knowledge transfer and business development using spin-offs and start-up business models.

The Ministry of Science and Technology needs to evaluate the effectiveness of allowing scientists to own sci-tech enterprises in order to create motivation for research and development and promote capital investment by venture capital funds and other sources.

Thanh Thanh

See more news

First retrofitted Emirates A380 enters service

17:41 | 10/01/2023 Science - Technology

The first Emirates A380 to be completely refurbished under the airline’s US$2 billion retrofit program has been deployed on the Dubai-London Heathrow service, operating as EK003.

Cybersecurity resilience emerges as top priority for Vietnamese organizations

15:39 | 05/01/2023 Information technology

Cybersecurity resilience is a top priority for companies in Vietnam as they look to defend against a rapidly evolving threat landscape, according to the latest edition of Cisco’s annual study, Security Outcomes Report.

Customs sector leads in IT application

06:00 | 05/01/2023 Digitalization

(VEN) - A new information technology (IT) system developed by the General Department of Vietnam Customs (Vietnam Customs) under its administrative reform is expected to generate savings of about VND920 billion in the next five years for 92,000 importers, exporters and operators of warehouses, yards and ports.

“Striking” Differences – New Research Helps Explain Why Obesity Is More Dangerous for Men

06:00 | 03/01/2023 Science - Technology

Building blocks of blood vessels, known as pericytes, have been linked to inflammation and disease processes in male mice.

State, Party award scientific, cultural excellence

06:00 | 22/12/2022 Science - Technology

(VEN) - Vietnam has awarded 12 projects with the Ho Chi Minh Prize in recognition of their cultural and scientific achievements, and 17 projects with the 6th State Prize in Science and Technology. The ceremony was held on November 23 in Hanoi in the presence of the state’s top leadership.

Protecting intellectual property

06:00 | 09/12/2022 Science - Technology

(VEN) - Hung Yen Province’s Department of Science and Technology is a specialized agency which assists the provincial People’s Committee in state management of science and technology.

Vietnam, a high potential blockchain market

06:00 | 07/12/2022 Digitalization

(VEN) - Blockchain projects developed in Vietnam have made a significant splash in world markets, making Vietnam one of the highest potential blockchain markets. Among the top 200 companies operating with blockchain technology in the world, 10 were founded by Vietnamese.

FortiGuard Labs predicts the convergence of advanced persistent threat methods with cybercrime

10:20 | 25/11/2022 Information technology

(VEN) - “As cybercrime converges with advanced persistent threat methods, cybercriminals are finding ways to weaponize new technologies at scale to enable more disruption and destruction. They are not just targeting the traditional attack surface but also beneath it, meaning both outside and inside traditional network environments. At the same time, they are spending more time on reconnaissance to attempt to evade detection, intelligence, and controls," said Derek Manky, Chief Security Strategist & VP Global Threat Intelligence, FortiGuard Labs.

Boosting grid stability through LM2500XPRESS gas turbine technology

16:49 | 22/11/2022 Science - Technology

While a full turn to renewables is not yet on the cards, a combination with natural gas and hydrogen could be a green and cost-efficient step in the right direction.

New sci-tech goals of industry and trade sector

06:00 | 19/11/2022 Science - Technology

(VEN) - In the context of emerging new requirements, scientific and technological research activities in the industry and trade sector will focus on five major issues.

Latest Most Read

Prime Minister demands faster disbursement of public investment capital

17:29 | 03/02/2023 Policy

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.

Trade ministry to support enterprises in boosting exports

13:19 | 03/02/2023 Foreign trade

The Trade Promotion Agency under the Ministry of Industry and Trade (MoIT) will collaborate with relevant agencies in carrying out measures to help enterprises expand their shares in foreign markets, said Vu Ba Phu, head of the agency.

Food and beverage industry to do well this year despite modest economy

13:00 | 03/02/2023 Industry

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).

Leaders pay tribute to President Ho Chi Minh on Party’s founding anniversary

11:57 | 03/02/2023 News and Events

A delegation of Party, State, and Viet Nam Fatherland Front (VFF) leaders paid tribute to President Ho Chi Minh at his mausoleum in Ha Noi on February 3 on the occasion of the 93rd founding anniversary of the Communist Party of Viet Nam.

Hunting for real estate investment opportunities after Tet

09:32 | 03/02/2023 Property

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.

Shinhan Life Vietnam introduces flexible term life insurance product

14:45 | 03/01/2023 Companies

Shinhan Life Vietnam recently launched life insurance “Shinhan – Song Khoe with Fantastic Four S-Plus”. This is a flexible insurance solution that offers a wide range of options to optimize protection for each customer.

Hanoi tourism meets recovery targets

06:00 | 09/01/2023 Metropolis

(VEN) - An estimated 17.02 million tourists visited Hanoi in the first 11 months of 2022, over five times the figure in the corresponding period last year. That includes 1.27 million foreign tourists, meeting the minimum target set for the year.

Customs sector leads in IT application

06:00 | 05/01/2023 Digitalization

Nghe An Province increases local content of industrial products

06:00 | 06/01/2023 Province

(VEN) - Nghe An is one of the chosen destinations of large international investors shifting their supply chains to Vietnam, providing businesses in the north-central province with access to new opportunities for support industry development.

Rosy prospects for Vietnam-Argentina trade

06:00 | 04/01/2023 Vietnam and other regions

(VEN) - Commercial ties between Vietnam and Argentina are expected to expand in 2023. Ahead of the New Year, Argentine Ambassador to Vietnam Luis Pablo Mara Beltramino spoke with Vietnam Economic News’ Hoa Quynh and Thu Trang.

Multimedia

Video Longform Infographic Photo

Calligraphy for the new year

03/02/2023 20:00 Video

The sight of old men in traditional costumes writing calligraphy during Lunar New Year was once very popular in the days gone by. The tradition has long disappeared in modern times but it is being revived at the Spring Calligraphy Festival held in the capital Hà Nội. After two-year hiatus due to COVID-19, calligraphers, both local and international, are excited to be able to write again.

The joy of Tết for Mông people

30/01/2023 08:02 Video

Unlike the majority of Vietnamese Kinh people, every year the Mong people often welcome the Lunar New Year around one month earlier. This year, the Mong people in mountainous Ha Giang Province have had a happier and better Tet after two years of COVID.

My Phong Nha

02/03/2022 18:00 Video

Phong Nha stands out with more than 300 caves, some of which are internationally famous. The caves and jungle create a unique landscape and terrain that you can rarely find in other places in the world.

Fireworks show to welcome the New Year 2023 in HCMC

06/01/2023 16:47 Video

(VEN) - Residents in Vietnam’s southern hub – Ho Chi Minh City (HCMC) – gathered for a countdown event with a beautiful fireworks show to welcome the New Year 2023 at the Bach Dang Speed Ferry Terminal.

Vietnam – Potential destination for Italian businesses

15/10/2018 11:09 Video

This year, Vietnam and Italy celebrate the 45th founding anniversary of the Vietnam-Italy diplomatic ties with many achievements in all fields, including the growth of economic cooperation. The remarkable achievements were contributed by trade and investment promotion activities organized by the Italian Chamber of Commerce in Vietnam (ICHAM). Vietnam Economic News’ reporter talked with Mr. Michele D'Ercole - Chairman of ICHAM in Vietnam about these matters.

Policy

Prime Minister demands faster disbursement of public investment capital

17:29 | 03/02/2023 Policy

Prime Minister Pham Minh Chinh demanded faster pace of public investment capital disbursement while chairing the Cabinet meeting on Thursday.

Deputy FM highlights role of economic diplomacy in service of national development

11:05 | 01/02/2023 Policy

The Ministry of Foreign Affairs has accompanied the Ministry of Planning and Investment and agencies to attract high-quality investment, connect and support foreign enterprises to invest and expand operations in Việt Nam, as well as to strengthen exchange and cooperation with investment funds and study international investment trends.

Việt Nam supports expansion of UN Security Council

06:00 | 30/01/2023 Policy

Addressing the first meeting of the Intergovernmental Negotiations on Security Council reform at the 77th UN General Assembly on January 26 (local time) in New York, Ambassador Nguyễn Phương Trà also emphasised improving the working method of the UNSC and limiting the use of veto power.

Prime Minister assigns tasks to Deputy Prime Ministers

07:00 | 17/01/2023 Policy

Prime Minister Pham Minh Chinh has signed decision 19/QD-TTg assigning tasks to the Deputy Prime Ministers.

Industry & Trade

Food and beverage industry to do well this year despite modest economy

13:00 | 03/02/2023 Industry

The food and beverage market is forecast to grow by over 18% this year to 720 trillion VND (30.7 billion USD).

Moving ahead with 2023’s Global Priorities: Electrification and Decarbonization

15:05 | 02/02/2023 Industry

In 2023, the United Arab Emirates is taking center stage in the global efforts to address climate change and sustainability. Recently, leaders have gathered for Abu Dhabi Sustainability Week, kicking off a year of events leading up to the UAE-hosted COP28 at the end of the year.

Hanoi eyes 950 firms in support industries this year

06:00 | 02/02/2023 Support industries

Hanoi has set a target to have about 950 enterprises operating in the field of supporting industries this year, an increase of approximately 20 compared to 2022.

Vietnam to reduce environmental impact of textile-garment industry by 2030

06:00 | 01/02/2023 Industry

The Vietnam Textile and Apparel Association (VITAS) has set a goal of helping Vietnam's textile and garment industry be more environmentally friendly by 2030.

Investment

Greening foreign investment

06:00 | 03/02/2023 FDI

(VEN) - The government’s declared commitment to reduce net carbon emissions to zero by 2050 has prompted a wave of high-quality, sustainable foreign direct investment (FDI) projects.

Southeast region prepares for new FDI wave

09:18 | 02/02/2023 FDI

The southeast region is preparing necessary conditions in infrastructure, administrative procedures and human resources to welcome a new wave of foreign direct investment (FDI), as investors have flocked to the region right from the beginning of this year.

January FDI nears US$1.7 billion

14:46 | 31/01/2023 FDI

Vietnam attracted foreign direct investment (FDI) worth US$1.69 billion as of January 20 this year, down 19.8 percent annually, according to the General Statistics Office (GSO).

Viet Nam calls for more investment in green growth

16:52 | 22/01/2023 FDI

Deputy Prime Minister Tran Hong Ha called on foreign businesses to boost investment, support Viet Nam in green growth, and well implement international commitments on sustainable development and climate change, including UNCOP26 commitments to achieving net-zero emissions by 2050.

Finance-Banking

Tax revenue up 4.4 percent year-on-year in January

08:40 | 03/02/2023 Finance-Banking

Tax revenue in January was estimated at VND165.7 trillion (US$7.06 billion), or 12.1 percent of the ordinance estimate, up 4.4 percent year-on-year, the General Department of Taxation reported on January 31.

State-owned banks under capital increase pressure

10:52 | 01/02/2023 Finance-Banking

Vietnam’s four biggest State-owned banks have an urgent need for capital increase in 2023 as their charter capital is too low, with some unable to ensure the regulated minimum capital adequacy ratio (CAR), according to industry insiders.

Positive prospects for Vietnam’s stock market this year

14:48 | 31/01/2023 Stock Market

2022 was an eventful year for the Vietnamese stock market with many records set.

Positive 2023 securities market forecasts

06:00 | 20/01/2023 Stock Market

(VEN) - Vietnam’s securities market experienced strong volatility in 2022, stemming from investor caution in the face of global economic and political uncertainties.

Environment

Vietnam looks ahead to 2023 climate summit

06:00 | 25/12/2022 Environment

(VEN) - World leaders are hoping the COP28 Climate Change Summit, scheduled for November 30 to December 12, 2023, in the UAE will achieve expectations not met at the COP27 summit held in Egypt in November 2022.

Preserving nature, facilitating business

06:00 | 10/12/2022 Environment

(VEN) - In the past few years, the natural resources and environment sector of Hung Yen Province has advised authorities on state management of natural resources and the environment, contributing to provincial economic growth, industrialization and modernization.

AkzoNobel Vietnam protects Cu Lao Xanh lighthouse against harsh weather

11:40 | 24/11/2022 Environment

AkzoNobel, a leading global paints and coatings company and the major producer of Dulux brand, has completed repainting the Cu Lao Xanh Lighthouse project with Dulux Weathershield®. It is the third lighthouse in Vietnam recoated under the “Lighthouse Protection Campaign” of AkzoNobel.

JTI Vietnam commits to net zero greenhouse gas emissions

16:25 | 15/11/2022 Environment

Climate change is the most urgent issue of our time, and to limit its impact on life on earth, the rise in mean global temperature should not exceed 1.5°C above pre-industrial levels. The private sector plays a huge role in helping to achieve this goal, and companies must commit and take concrete action in accordance with the Paris Agreement.

Science - Technology

Managed security provides IT talent gap solution for businesses in SEA

16:34 | 30/01/2023 Information technology

Global cybersecurity company Kaspersky today reveals the state of MSSP in the region, particularly the main benefits that local SMBs and enterprises gain from this outsourcing model.

Headquarters of Vietnam-Korea Institute of Science and Technology inaugurated

09:23 | 30/01/2023 Science - Technology

An inauguration ceremony of the headquarters of the Vietnam-Korea Institute of Science and Technology (VKIST) was held at the Hoa Lac Hi-tech Park in Ha Noi on January 17.

WHO to share mRNA vaccine technology with VietNam

09:14 | 30/01/2023 Science - Technology

Welcoming the year of digital data for Vietnam

16:57 | 22/01/2023 Digitalization

Society

Hunting for real estate investment opportunities after Tet

09:32 | 03/02/2023 Property

Although the market faced a standstill at the end of 2022, wealthy investors are still hunting for potential business opportunities after the Lunar New Year holiday.

Vietnamese university up 97 places in Webometrics ranking

10:00 | 02/02/2023 Society

Vietnam National University (VNU) - Hanoi climbed 97 places to rank 661st in the latest Webometrics Ranking of World Universities in 2023, which was announced on February 1 by the Cybermetrics Lab, a member of the Spanish National Research Lab.

PM inspects national key transport projects

09:36 | 31/01/2023 Society

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.

A great chance to invest in commercial property

10:46 | 30/01/2023 Property

Vietnam's commercial real estate sector is still in its infancy and is mostly focused on Ho Chi Minh City and Hanoi. However, industry analysts assert that the market area has a great deal of untapped potential.

Vietnamese Brands

Nestlé Vietnam and the journey to sustainable development

13:00 | 10/01/2023 Companies

(VEN) - With nearly three decades of operation in Vietnam, Nestlé Vietnam has been implementing many initiatives to improve human health and protect the planet through its commitments and sustainable development strategy. Recently, the company has continued to be honored as the Most Sustainable Business in Vietnam.

VIMC embarks on strong recovery

06:00 | 10/01/2023 Companies

(VEN) - In the context of the strong recovery of the maritime transport market, the Vietnam Maritime Corporation (VIMC) has brought into play its internal strength to achieve successful business results in 2022.

MM Mega Market launches a new modern Giá tốt business model

16:18 | 30/12/2022 Vietnamese Brands

Recognizing changes in shopping behaviors, MM Mega Market has publicly launched its new business model – Giá tốt. Giá tốt is currently present in big cities and provinces in Vietnam with more than 250 Giá tốt partners, including Ho Chi Minh City, Hanoi, Da Nang, Binh Duong, Bien Hoa, Quy Nhon, Buon Ma Thuot, Rach Gia, etc.

Commercialization key to sci-tech progress

See also

See more news

Multimedia